Home / Knowledge / News / Apparel/Garments / Hong Kong apparel retail sales inch up 7.6% in Nov'13
Hong Kong apparel retail sales inch up 7.6% in Nov'13
06
Jan '14
Apparel retail sales in Hong Kong showed an increase of 7.6 percent year-on-year in November 2013, according to the statistics released by the Census and Statistics Department (C&SD), Government of Hong Kong Special Administrative Region.
 
The value of overall retail sales, including apparel retail sales, in November was estimated at HK$ 39.6 billion, showing a rise of 8.5 percent year-on-year. In terms of volume, the total retail sales increased by 9 percent year-on-year during the month, the data showed.
 
The total retail sales grew by 6.3 percent year-on-year in value and 5.9 percent year-on-year by volume in October 2013, according to the revised estimate for the month released by the C&SD.
 
From January to November 2013, the total retail sales in Hong Kong increased by 11.6 percent in value and 11.1 percent in volume over the same period a year earlier.
 
Based on a seasonally adjusted series, the volume of total retail sales increased slightly by 0.2 percent in the three months ending November 2013, compared with the preceding three-month period, the C&SD said in a press release. 
 
The total retail sales cover consumer spending on goods but not on services. Moreover, they include spending on goods by visitors in Hong Kong but not by Hong Kong residents outside Hong Kong.  
 
A Hong Kong Government spokesperson noted that retail sales picked up to show a faster year-on-year growth in November 2013, largely thanks to the positive consumer sentiment and further expansion of inbound tourism.
 
The spokesperson added that looking ahead, the stable job and income conditions and sustained growth of inbound tourism should continue to support the retail business in the near term. 
 
“However, we need to closely monitor the external economic developments, which may affect consumer sentiment and hence retail business down the road,” the spokesperson added.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X